Intel CEO (NASDAQ :INTC) Touts Google (NASDAQ: GOOG) TV Offering
ByIntel (NASDAQ: ITNC) CEO Paul Otellini commented optimistically on Google’s (NASDAQ: GOOG) TV Offering, but said that Apple’s new AppleTV (NASDAQ: AAPL) was a “step back” in an interview with the Wall Street Journal on Thursday.
Intel, along with Logitech and Sony, are partners with Google on its Google TV project. Otellini said that Intel will be launching Google TV products as early as this month, a more specific date than what other partners have been saying. Google had been saying that the product would be released in Fall 2010. Neither Sony nor Logitech has made a similar announcement.
Otellini added that he didn’t think much of Apple’s new AppleTV, saying that it was a “step backward” and is “really simplistic.” He said that Google TV is “the full Internet, integrated seamlessly with live content.”
Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology products, primarily integrated circuits, for industries, such as computing and communications. The Company designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. It operates in nine operating segments: PC Client Group, Data Center Group, Embedded and Communications Group, Digital Home Group, Ultra-Mobility Group, NAND Solutions Group, Wind River Software Group, Software and Services Group and Digital Health Group. During the fiscal year ended December 26, 2009 (fiscal 2009), it acquired Wind River Systems, Inc. In May 2010, Micron Technology, Inc. acquired Numonyx B.V.
Shares of INTC traded down 0.11% hitting $17.98 in a research note to investors on Friday.
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